Bank of Monticello (Charlottesville, VA)

Episode Information

Episode UID
9062771990836
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
906277199 hash
Start Date
August 12, 1869
Location
Charlottesville, Virginia (38.029, -78.477)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
452c6bf2972645e6

Response Measures

None

Description

Newspapers refer to the 'banks of Monticello' and appointment of a receiver; the user-provided city (Charlottesville) may not exactly match the town named in the articles.

Events (1)
1. August 12, 1869 Suspension
Cause
Government Action
Cause Details
Court motions for injunctions and appointment of receivers brought by creditors (Hevey and Terry); judge appointed receivers for the Banks of Monticello.
Newspaper Excerpt
Judge Underwood...has appointed Thomas U. Dudley, of Richmond, Receiver in cases of the Banks of Monticello and Philipi
Source
newspapers

Newspaper Articles (10)
1. July 28, 1869 Public Ledger Memphis, TN
Article from Public Ledger, July 28, 1869

Click image to open full size in new tab

Article Text

NEW YORK. NEW YORK, July 28.-It is rumored in Washington that Gen. Canby is to be sent to Mississippi to superintend the election, and that Gen. McDowell is to succeed him in Virginia. A Richmond dispatch to the Herald states that the motions against the banks of Howardsville, Scottville, Monticello, Phillippi and Pottsylvania, and the Central of Virginia, for injunction and the appointment of receivers, have been set for argument in the Chamber, before Judge Underwood, in Alexandria, on the 30th and 31st of this month. The suits are brought by Hevey and Terry against these banks, and it is said that over seventy thousand dollars is involved. In his speech yesterday, at the banque in honor of the laying of the French cable, Sir James Anderson said he had been told that certain opposition had been made to the landing of the cable. It might be due to the same kind of enterprises, perhaps to Mr. Field and his colleagues, but he did not care for that. He was quite sure that the American people would not be unjust; that they would not allow any company to spend a million of money to unite two great continents together without giving them a fair show. At least he believed it would be weak and feolish on the part of the company to work for undue sympathy or partiality. If they could not work as well with a rival company or faster, they had no right to the public support, and would not get it whatever the public sympathy might be. The cable was therefore laid as a purely commercial enterprise, and every right-thinking person trusted that it would promote peace. God forbid that it might ever be used as a weapon of war,

2. August 2, 1869 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, August 2, 1869

Click image to open full size in new tab

Article Text

The motions against the banks of Howardsville, Scottsville, Monticello, Phillipi, Pittsylvania, and the Central Bank of Virginia, for injunctions and the appointment of receivers, set for argument in chambers before Judge Underwood in this city to-day, were postponed until to-morrow, in consequence of the absence of the counsel for the defence.-Alexandria Gazette, July 30th.

3. August 2, 1869 Evening Star Washington, DC
Article from Evening Star, August 2, 1869

Click image to open full size in new tab

Article Text

Alexandria Items. The following are from the Gazette of last evening: AGAIN POSTPONED - The motions against the banks of Ho wardeville. Scotsville, Monticello, Phillippi, Pittsvivania, and the Central Bank of Virginia, for injunction and the appoint. ment of receivers, set for argument in cham. bers before Judge Underwood, in this city, today, were again postponed until the 12th of August. in consequence of the absence of some of the counsel. John H. Gilmer, Esq., of Richmond, and District Attorney S. F. Beach, of those employed. being the only onea present. CATTLE DISBASE-Many cows have died in this neighborhood within the past week; but from what cause his not yet been determined. But, whatever may be the character of the disease, its termination is sudden, and its result in variably fatal. STAY LAW.-The stay of executions against personal property expired, by order of General Canby, to-day, unless those against whom they were issued have paid one year's interest on the amount of the original debt since the 1st of January, 1869.

4. August 3, 1869 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, August 3, 1869

Click image to open full size in new tab

Article Text

POSTPONED.-The motions against the banks of Howardsville, Scotsville, Monticello, Phillipi, Pittsylvania, and the Central Bank of Virginia, for injunction and the appointment of receivers, set for argument in chambers before Judge Underwood, in Alexandria, have been postponed until the 12th instant.

5. August 6, 1869 Staunton Vindicator Staunton, VA
Article from Staunton Vindicator, August 6, 1869

Click image to open full size in new tab

Article Text

POSTPONED.-The motions against the banks of Howardsville, Scotsville, Monticello, Phillipi, Pittsylvania, and the Central Bank of Virginia, for injunction and the appointment of receivers, set for argument in chambers before Judge Underwood, in Alexandria, have been postponed until the 12th instant.

6. August 11, 1869 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, August 11, 1869

Click image to open full size in new tab

Article Text

BANK CASES.- - The motions against the banks of Howardsville, Scotsville, Monticello, Phillipi, Pittsylvania, and the Central Bank of Virginia, for injunction and the appointment of receivers have been set for argument in chambers before Judge Underwood, in this city for to morrow, and having been postponed twice will be tried irrespective of the absence of counsel.

7. August 12, 1869 Evening Star Washington, DC
Article from Evening Star, August 12, 1869

Click image to open full size in new tab

Article Text

Alexandria and Vicinity. The Alexandria Gizette of last evening has the following items: MARKET-HOUSE BUILDING -That portion of the market-bouse on Cameron street IS to be repaired. The building 18 to be made as high as that on Royal street, and neat iron pillars are to support the portico, instead of the square brick blocks now answering that purpose. The second story of the building will contain seven offices, which are to be rented. Mr. B. F. Price has been awarded the contract, and the work will be commenced at once. BANK Cases.-The motions against the banks of Howardsville. Scotsville, Monticallo, Philippi, Pittsylvania, and the Central Bank of Virginia, for injanction and the appointment of receivers, have been set for argument in chambers before Judge Underwood, in this city, for to-morrow, and, having been post. poned twice, will be tried irrespective 01 the absence of counsel. HOMICIDE.-A man named Hayes, a str inger, during a fight at Guilford Station. on the Atexandria. Loudoun and Hampshire Railroad. yesterday, was struck on the head with a stick, by a man named Hutchinson. a resident of that locality, and so severely injured that he died a short time afterwards., PROPERTY SALE.-The lot on the north west corner of Dake and Fayette streets, with the frame tenements thereon, subject to a small ground rent, the property of John Gorham, was sold at a constable sale yesterday, to Reu. ben Johnston, for $225. BABY'S LEG BROKE.-A baby four months old, the infant of Mr. Wade, who resides on Cameron street was left for a short time yesterday under the care of some small children, and during the absence of the elder persons of the family, had its left thigh bone fractured. COLORED BAPTIST ASSOCIATION-A Col. ored Baptist Ass ciation will be held at Guil. ford Station. on the Alexandria, Loudoun and Hampshire Railroad. commencing on Tours. day, the 2d of September, and a special train of cars will be run to that place on the Sunday following. WOOD has become almost a drug in the mar. ket, the supply coming in exceeding the demand, and prices have consequently declined, pine selling at $3a$3.50, and oak at $4$$1.50 by the vessel or car load.

8. August 13, 1869 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, August 13, 1869

Click image to open full size in new tab

Article Text

BANK CASES, Judge Underwood, before whom the motions against the banks of Howardsville, Scotsville, Monticello, Phillipi, Pittsylvania, and the Central Bank of Virginia, for injunction and the appointment of receivers were argued and decided yesterday, as stated in the Gazette of fthatdate, has appointed Thomas U. Dudley, of Richmond, Receiver in cases of the Banks of Monticello and Philipi, and William Ira Smith. of Richmond, Re ceiver in the cases of the Banks of Howards ville and Pittsylvania.

9. August 14, 1869 The National Republican Washington, DC
Article from The National Republican, August 14, 1869

Click image to open full size in new tab

Article Text

Alexandria Affairs. The Garette of Thursday evening has the following Items: IN ACCORDANCE with the provisions of the tax bill passed at the last meeting of the City Council, a discount of 30 per cent. will be allowed on all tax bills paid in current funds on or before the 1st proximo. There has been an entire cessation in the collection of taxes since the 15th of July, at which time the discount allowed by a resolution of Council expired, but several who were delinquents have already availed themselves of the privilege granted by the new bill. THE COUNTRY in the neighborhood of Occoquan has been particularly unfortunate this season, and serious fears are entertained that the poorer class of persons living there will suffer for food during the next winter. Just previous to the wheat harvest a hall storm almost entirely destroyed that crop, and the prevailing drought has ruined the corn, and unless the parched ground is soon refreshed with copious showers the potatoes and all other vegetables will be rendered worthless too. IT IS SAID by those familiar with the cultivation of watermelon patches that had the season been favorable, that Is had more rain fallen, the like of watermelous this year would never have been known-as It is, the quantity is very large. The price by the cargo is $10 per hundred for the best, while the common run sell at about $3. THE Orange, Alexandria and Manassas railroad is now doing a very heavy freight business. Four long trains arrived last night loaded with grain. There were fiftyfour cars unloading on Union street at one time this morning. Nearly all this freight that now arrives in this city stops here. THE MOTIONS against the banks of Howardsville, Scotsville, Monticello, Phillipi, Pittsylvania and the Central Bank of Virginia, for injunction and the appointment of receivers, were argued to-day before Judge Underwood at chambers. Receivers were appointed in all the cases except those of the Central and Scotsville, which banks had goue into bankruptcy. Bradley T. Johnson, J. H. Gilmer, S. F. Beach and James Necson were the counsel representing the various parties interested.

10. August 18, 1869 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, August 18, 1869

Click image to open full size in new tab

Article Text

SUITS AGAINST BANKS.-Several months since suit was brought in the United States Circuit Court before Judge Chase by Harvey Terry against the banks of Phillippi, Monticello, Howardsville, and Pittsylvania, for the recovery of debts alleged to be due plaintiff by each of the banks in question. In his declaration or petition he asked the appointment of a receiver to each, in order that such assets as might exist could be held in readiness to abide by the result of the litigation commenced by him. In the absence of Chief Justice Chase, of the circuit court, an order was made by Judge Underwood, of the District Court, directing the appointment of receivers. On yesterday Mr. Thomas U. Dudley, who was appointed receiver of the banks of Phillippi and Monticello, gave bond in the clerk's office of the circuit court in the sum of $45,000 for the faithful discharge of his duties as such. At the same time Mr. William Ira Smith gave bond in $25,000 as receiver of the banks of Howardsville and Pittsylvania.